How Will Debt Settlement Affect My Credit Score?
Why should it have a negative impact, when you're lightening the load of your obligations and your creditors are getting some money? Because strong credit scores are designed to reward those accounts that have been paid on time according to the original credit agreement before they're closed.
Original Article Source Credits: Investopedia, https://www.investopedia.com/
Article Written By Alexandra Twin
Original Article Posted on : February 22, 2021
Link to Original Article: https://www.investopedia.com/ask/answers/110614/how-will-debt-settlement-affect-my-credit-score.asp